Jul

30

Credit Tip! 1. Get copies of your credit report–then make sure the information is correct. Go to www.annualcreditreport.com. This is the only authorized online source for a free credit report.

Many people have ignored letters from collection agencies. Still others have applied for a mortgage only to find an entry from one on their report. No matter how it gets there, an entry from a collection agency must be deleted from your file.

If you find one on your credit file, you should proceed as follows for the best chance of deletion.

1) Send a DV to the collection agency.

***IMPORTANT*** Always mention in your initial letter to the collection agency that you have never received any communication from them about the account. Even if you have chunked ten letters in the trash already. This statement sets into motion the 5 day time frame for notification of your rights after first contact has been established by the collection agency. By including this statement, on a certified letter, you have informed the collection agency that any and all of their previous attempts to contact you have failed. It will no longer be reasonable for them to later claim they did contact you when they have been told otherwise in a verifiable communication from you.

Credit Tip! Education loans are also sanctioned by colleges, universities, and other institutions based on your credit report. So, if your kids are planning to go to college and qualify in professional courses then their whole future will depend on your having a �healthy credit report.

Just as the collection agency will probably ignore your letter and request for validation, they will invariably fail to comply with the law by sending you the information concerning your rights under the law. This provides you with your first verifiable violation.

Also, the collection agency will no longer be able to legally report the account because you have disputed it within 30 days of first contact based on the date you established in the initial letter.

2) Wait five days, then send in a dispute to the CRA

3) Wait to see if the account is verified by the CRA and for response from the CA. This may take a month or so.

4) If there is no response by the CA, and the CRA verifies the account, send a letter to the CRA as follows:

CRA

On (date) I disputed this account. You claim to have verified the account, however I just spoke to (name) at XYZ Collections, 1-800-555-5555. They claim to have no record of any such account, nor have they heard anything from you about the account.

Please forward to me the name of the person you called to verify this account, the number you reached them at, and any documentation sent by or received by you during the verification process. You are required to furnish this information within 15 days.

Credit Tip! Many credit card companies will decide whether or not to issue you a credit card with a high limit based on your credit report. If in doubt they may not issue a card at all or issue a card with a very low limit or risk.

If you fail to respond, I and all other parties to this matter, both present and future, will be forced to assume that you never verified this account as you are required to do. I will be compelled to proceed accordingly.

Credit Tip! Repair you own credit report.

Name

(NOTE: You don’t actually have to call the collection agency. Just make up a name and give the number you were given by the CRA. Believe me, nobody will ever check)

5) At about the same time, send a followup letter to the CA as follows:

CA

On (date) I sent you a letter (insert cert. no) requesting you validate the account you are trying to collect from me. You were also made aware that I had never been contacted by you previously about this account. I have received no reply to this letter, but it was delivered to your office on (date rec. by them).

Still, this account remains unvalidated and you are reporting it to one or more credit reporting agencies in violation of the law. This will not be tolerated. If you fail to remove this account from my credit file, until such time as you can provide suitable validation that the debt is legitimate, I will be forced to pursue alternative methods to ensure your compliance with the law in this matter.

Credit Tip! In addition to providing your complete name and address, your letter should clearly identify each item in your credit report that you dispute. State the facts and why you are disputing the information.

Name

6) Wait to see what happens

In many, if not most cases, one of the two will crack and delete the account at this stage. If not

7) Send the credit reporting agency the following letter. Be sure to enclose copies of your evidence against the CA such as DV letters and mail receipts and list each.

CRA

On (date) I disputed this account and you verified it. On (date) I called the CA who could not verify the account to me. Again on (date) I mailed you asking for information about how you verified the account and got no reply. ( NOTE You may actually have to tell them the reply you received had nothing to do with your request. If they do reply at all, it will be a lame attempt to convince you to stop pursuing the matter with them).

Your job is to investigate these matters and reach your own conclusion based on the evidence. You have failed in that task by ignoring the evidence and failing to provide me with any reason to believe that you ever verified this account.

Your continued reporting of this account in spite of the overwhelming evidence that it is being reported contrary to the law will not be tolerated. If this account is not deleted within 5 days and an updated copy of my report sent to me reflecting this deletion I will be forced to seek other remedies.

Credit Tip! 5. Beware of credit-repair scams. Sometimes doing it yourself is the best way to repair your credit. The Federal Trade Commission’s “credit repair: How to Help Yourself” explains how you can improve your creditworthiness and lists legitimate resources for low-cost or no-cost help.

I have tried to work with you to get this matter resolved, but my patience is wearing thin. Your obligation in the eyes of the law is clear.

Name

At this point, if the account has not been deleted, you may be forced into one of those situations where you have to draft a legal document and send both the CA and tbe CRA an intent to sue letter asking for the payment for their violations. That’s another topic for another day.

In my experience, about 95% of all collection accounts will be gone within 60 days using this method. Another 4% will wait for your intent to sue letter and will fold when they see you have legitimate court papers ready to file. For that last one percent, just do it.

Credit Tip! Get a copy of your credit report. Take advantage of the free government credit report from each of the National Consumer Credit Bureaus: Equifax, TransUnion and Equifax.

Darell is a credit repair expert by neccessity and went from terrible and accurate credit to a mortgage in less than a year. Now he is trying to help others do the same. Visit his free website at http://www.rylansreviews.com/credit

Popularity: 6%

Jul

29

The Attorneys Guide To Credit Repair.

There are many companies which sell credit repair tips and solutions. There are software programs, books, newsletters and a range of services directed at those who are in need of bad credit history repair. But, the best credit repair tips and solutions are the free ones, at least in the opinion of this writer.

Did you know that the three major credit bureaus, Experian, Equifax and TransUnion, are required to provide consumers with one free copy of their credit report every year? If not, you are not alone. Some people know that the reports are available, but do not know where or how to obtain copies. Companies which sell credit repair tips and solutions often sell information about where to obtain copies of your credit reports. They often advertise in such a way as to lure in consumers who are looking for bad credit history repair or just the free annual report that they are entitled to by law.

Tip! Make credit repair your focus. You need to insure that each purchase you make is a wise one.

Visit www.annualcreditreport.com. Older books containing credit repair tips and solutions will not have this address. It was created by the three major credit bureaus in response to a recently enacted law, so anything that was written before 2005 will not have this information. If you are attempting bad credit history repair on your own, then you will want to visit this site first. There is no charge for these reports, but the credit bureaus are allowed to promote credit repair tips and solutions that they sell on this site. Just click no thanks on the offers until you get to a secure site where you can enter your personal information. Most credit repair tips and solutions offered by the credit bureaus will not help you achieve bad credit history repair.

Credit Repair - Erase Bad Credit Now! Delete All Bad Credit Within 1-3 Months. Guaranteed. - I Will Show You Proof.

Bad credit history repair can be a frustrating and time consuming process. In order to avoid a little frustration, have your personal information available when you visit the credit report site. In order to verify your identity, you will be asked certain questions about past or present accounts or previous addresses. And, make sure that you spell the website address correctly or you may end up at an impostor site. One impostor site sells credit repair tips and solutions and information about bad credit history repair, but does not provide you with your credit reports. Another impostor site calls their monthly newsletter “My Free Credit Report”. All of this is an attempt by businesses to confuse consumers, causing more frustration and lost time.

Credit Repair & Collection Agencies Succ Credit Repair & Debt Collections Help For Consumers. A Self help strategy to deal with credit issues and collection problems.

After you pass up all the offers, enter your personal information and finally get to view your credit reports, you may be surprised. There may be a lot of information on your credit report or just a little, depending on the types of credit that you have and the length of time that you have been using credit. You may be expecting to see a “credit score”. If so, you will be disappointed. The free credit reports provided by the credit bureaus do not include your FICO or any other relevant scores. They contain information that is used to calculate your credit scores. When you are trying to achieve bad credit history repair, you may run into a number of little disappointments and frustrations. Be prepared.

Tip! Determine what you can cut back on. Credit repair means work and you will likely need to give up on some stuff so that you can improve your situation.

If you actually want to view your credit score, the number most commonly used by creditors is the FICO score. FICO also sells credit repair tips and solutions and they charge consumers to view their own credit score. They charge lenders and financial institutions as well, but it does seem that consumers should be able to see this information without being charged. Since that is not the case, be ready with a credit card. You can use a prepaid or a secured credit card if you do not have another type. If you do not qualify for a regular credit card, get a secured card. The FICO credit tips and solutions suggest that a secured credit card which is handled properly will help you repair bad credit history over time. This is not an immediate fix, but if you credit score is very low, then it is a good idea to build “good” credit history as you attempt to repair “bad” credit history.

Attorney Prepared Credit Report Repair. Legal And Easy Ways To Repair Your Credit Report, Save Money, Avoid Scams, And More.

There are too many credit repair tips and solutions to mention in this one article. This writer and the other writers at Credit Fix Solutions have compiled a large number of credit repair tips and solutions. We strive to provide accurate information about how to repair bad credit history. Visit us at http://creditfixnow.blogspot.com

The Best Selling Credit Repair Package. Great Seller Quick Turn Around. High Payout.

Patsy Rose is one of the writers at Credit Fix Solutions, a resource for free credit repair information.

Popularity: 6%

Jul

27

Credit Tip! 2. Pay your bills on time. One of the most important things you can do to improve your credit score is pay your bills by the due date. You can set up automatic payments from your bank account to help you pay on time, but be sure you have enough money in your account to avoid overdraft fees.

You may have seen advertisements like “Repair Credit Report Online Here”. You may wonder if this is a legal credit repair service. That is a good question. Several companies which advertise in this manner have been investigated by the Federal Trade Commission.

There are many options for those interested in credit repair. Some are legal and effective. You can choose a legal credit repair service or you can choose to do it yourself. Some credit bureaus even allow the consumer to report discrepancies that could improve or repair the credit report online. Some credit repair options are illegal and can create more problems than they solve.

For example a legal credit repair service would never recommend that a person who is not a business owner apply for an employer identification number or EIN. An EIN is a number assigned to a business by the Internal Revenue Service. Some credit repair clinics have recommended the use of an EIN instead of a social security number. It is illegal to make any false claim on a credit application. It is important to find out exactly what services a company which advertises something like “repair credit report online” is offering.

Credit Tip! Residents of Colorado, Maryland, Massachusetts, New Jersey, and Vermont are entitled by state law to one free credit report from a credit-reporting agency per year. Residents of Georgia are entitled to two free credit reports.

A few years ago, one credit repair company advertising “repair credit report online here” claimed to own a unique computer “disc” which would “erase” bad credit. After investigating, the Federal Trade Commission learned that the company did not own any unique computer software. They were required to make restitution to some of their customers. A legal credit repair service will be very careful what claims and services it offers to consumers. A legal credit repair service will outline their services. They will also outline their fees.

Some companies which advertise; repair credit report online, may be trying to attract consumers like are looking for their free credit reports. You can view, print and in some cases repair credit reports online at www.annualcreditreport.com. This is a free service provided by the credit bureaus in response to a recently enacted law. A legal credit repair service will typically make the consumer aware that they can make improvements or repair their credit reports on their own. It may be time consuming and frustrating. The legal credit repair service simply offers to do most of the time consuming and frustrating work for you.

Credit Tip! Every negative credit record on your credit report can be negated by you at any time. The credit bureau must reinvestigate and if that item cannot be verified within a reasonable amount of time, that credit record must be removed from the credit file (credit report).

For more information about a legal credit repair service, visit Credit Fix Solutions at http://creditfixnow.blogspot.com

The writers and editors at Credit Fix Solutions provide accurate information about credit repair options.

Popularity: 7%

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